What is a Community Foundation?
A community foundation is a philanthropic organization that collects financial gifts, and uses the earnings off of investments to give out grants and scholarships throughout the community. Gifts to a community foundation can be made in the form of direct monetary donations, stock, property, gift annuities, or left in a legal will. Donations can be placed in an already established endowment, or can be used to create a new fund.
A foundation is a great way for individuals, businesses, and organizations to charitably give into their community for years to come.
Unlike one-time gifts to charitable organizations, a foundation is able to invest funds for the purpose of multiplying an investment beyond its original value. With the help of a foundation, a donor is able to use a gift to continually give back into the community.